Transelectrica gets 100m euros

National electricity carrier Transelectrica got a 74 million euro loan from the World Bank (WB). The company is set to contract a new loan worth about 25 million euros from the European Bank for Reconstruction and Development (EBRD) this fall. The World Bank-supplied funds will be used for retooling the Iernut and Fundeni electrical stations, for building the trading platform of the balance market, managed by Transelectrica through the National Energy Control Centre and for building the exchange trading platform for the commercial energy market operator, OPCOM. “Talks with the World Bank began as early as the end of last year and progressed fast. The 74 million euro loan is to be endorsed by the Bank’s Board on June 12. We are also in talks for a syndicated loan not secured by the State and worth 25 million euros from EBRD, to be used for the 400 kV Oradea-Bekecsaba internetworking line,” Jean Constantinescu, Transelectrica general manager told Ziarul Financiar. ZF